The Greedy Trader Weekly Analysis
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- 10/9/2026 -
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Baker Hugh (BKR) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance lineBroken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe Bollinger Bands are historically close together
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It was a first positive week for the Baker Hugh (BKR). During the week, the BKR gained 0.70 points, or 1.25%, and closed at 56.70 on Friday, October 9, 2026. Weekly volume was -40% below average.

BKR is a member of Energy Sector. Energy is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See BKR long-term trend chart]
A long-term uptrend had started on July 21, 2021 at 19.23 and reached 70.41 on April 27, 2026. BKR gained -51.18 points, or -266.15%, in 248 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (41.48) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See BKR medium-term trend chart]
A medium-term downtrend had started on September 9, 2026 at 66.09 and reached 54.35 on October 1, 2026. BKR lost 11.74 points, or 17.76%, in 3 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (53.76) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See BKR weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since May 29, 2026. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See BKR short-term trend chart]
A short-term uptrend had started on October 1, 2026 at 54.35 and reached 57.97 on October 5, 2026. BKR gained -3.62 points, or -6.66%, in 4 days. The price is now at the 35.08% retracement level.

Daily Technical Indicators: [See BKR daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The distance between the Bollinger Bands (5.78%) is close to one year low (6.38%). It is 61.75% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.00
Williams' Percentage Range (W%R) 50.90
Lane's Stochastic (%D-Slow) 57.07
Greed/Fear Indicator (GFI) 50.40
Moving Average Converg./Diverg. (MACD) -1.24
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.94
Williams' Percentage Range (W%R) 72.10
Lane's Stochastic (%D-Slow) 27.65
Greed/Fear Indicator (GFI) 35.22
Moving Average Converg./Diverg. (MACD) 0.86
Trading Signals
Description Value Chart
50 Day Moving Average 60.38
Upper Bollinger Band 59.07
20 Day Moving Average 56.72
Price 56.70
Weekly Stochastic Crossing 56.45
Daily Stochastic Crossing 56.26
Lower Bollinger Band 55.77
Yearly Trendline Resistance 55.01
Parabolic System 54.58
Weekly Trendline Support 53.76
Weekly Trendline Resistance 50.79
Sector and Industry
Description Name Rank
Sector Energy 12
Industry Oil & Gas Equipment & Services 57
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 54.35
Low Date 10/01/2026
High 57.97
High Date 10/05/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 50.79
Support 53.76
High 66.09
High Date 09/09/2026
Low 54.35
Low Date 10/01/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 52.27
Low Date 07/02/2026
High 66.09
High Date 09/09/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 33.60
Low Date 04/07/2025
High 70.41
High Date 04/27/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 55.01
Support 41.48
Low 19.23
Low Date 07/21/2021
High 70.41
High Date 04/27/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.